Forms of Business Ownership

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BEST_LDSL718_MINOR_4_SUB-SAHARAN_AFRICA

luonut Nancy Best

EUROPEAN EDUCATION PROGRAMME

luonut Cristina Gila

Corporate Holdings

luonut Jason Kolkema

Types And Forms Of Business

luonut Zachary Walji - Rick Hansen SS (2542)

Forms of Business Ownership

Franchise

-Follow all rules exactly -Less control

-Many connections and advertisement -Fast growth

Partnerships

-Potential separation -Disagreements in ideas

-Shared responsibility -More protection

Cooperatives

-Lots of competition -Coruption

-contribution and shared responsibility -Further marketing reach

Corporations

-Double taxation -Lots of protocols to follow

-security and continuity -Liability protection -More perspectives

Sole proprietors

disadvantages

-Risk of wrong decisions -Unlimited liability -Not as much advertisement -Less management

advantages

-Simplified ownership -Fewer registration fees -More freedom and control -Keep the profits